đš THE FEAR & GREED INDEX JUST HIT ITS LOWEST LEVEL OF 2026
And I donât think weâve seen the worst of it yet.
The index is sitting at 33, deep in fear territory.
This is the most bearish sentiment reading of the entire year.
Most people are going to see this as a buying opportunity.
But I wouldnât be so sure.
Hereâs why:
THE SPEED OF THE DROP
One week ago this index was at 50.
It dropped 17 points in seven days.
That kind of velocity doesnât happen in a healthy market.
That happens when the smart money is repositioning and retail hasnât figured it out yet.
A month ago we were at 55. A year ago we were at 43. Weâve already blown through last yearâs floor.
THE BUFFETT TRAP
Wall Street loves to recycle the âbe greedy when others are fearfulâ quote every time thereâs a dip.
They conveniently leave out that Buffett is sitting on record cash right now.
Heâs not buying this market, heâs watching it.
The people telling you to buy the dip are the ones who need your liquidity to exit their positions.
Itâs a distribution play, plain and simple.
WHAT IâM WATCHING
We havenât even entered extreme fear yet, thatâs below 25.
Iâm monitoring the VIX, put/call ratios, and junk bond spreads for the signal that confirms the next leg down.
Sure, we might see a relief bounce here and there, thatâs completely normal.
But donât confuse a dead cat bounce for a recovery.
The rest of the week will be extremely volatile. But donât worry, Iâll update you everyday.
Iâve been in this game for more than 20 years. Iâve been telling you since early January that I think a crash is coming sometime this year.
When I start deploying A LOT of my capital, Iâll say it here publicly because I want you to win.
Many people will wish they followed me sooner.